Motilal Oswal revised its stance to a "Buy" rating while setting a higher target price of ₹8,200 based on improved margin recovery and backlog expansion. ABB India delivered an 11% rise in third-quarter net profit to ₹440 crore as quarterly operational revenue reached ₹3,738 crore. The company's total order backlog advanced by 36% year-on-year to touch ₹12,927 crore by late September. Growth was heavily supported by the Electrification segment, higher Automation exports, and steady railway demand.
Key points
Motilal Oswal raised its target price to ₹8,200, projecting an estimated 16% upside from…: Motilal Oswal raised its target price to ₹8,200, projecting an estimated 16% upside from the previous closing level.
Brokerage analysts increased the company's CY27 and CY28 financial estimates by 6% and 7%…: Brokerage analysts increased the company's CY27 and CY28 financial estimates by 6% and 7% respectively.
Strong revenue generation was primarily driven by the Electrification segment alongside b…: Strong revenue generation was primarily driven by the Electrification segment alongside broad-based industrial investments.
Sources checked by our analysis pipeline: 1
ABB India shares will be in focus on Monday, 16 November, after the electrification and automation major reported its September quarter results and received a rating upgrade from Motilal Oswal Financial Services. The brokerage has upgraded the stock to 'Buy' from 'Neutral', citing improving order inflows, revenue growth prospects and a recovery in margins. It has also raised its target price to ₹8,200 from its earlier estimate, implying an upside potential of around 16% from Friday's closing price.
The positive brokerage outlook comes even as the stock has witnessed some volatility in recent months. ABB India's Q3 CY26 performance, marked by record quarterly orders and a robust order backlog, has strengthened expectations of improved execution and earnings growth over the coming quarters.
ABB India reported an 11% year-on-year increase in net profit to ₹440 crore for the September quarter, compared with ₹398 crore in the corresponding period last year.
Revenue from operations rose 19.4% to ₹3,738 crore from ₹3,130 crore a year earlier, supported by stronger business activity and demand across key industrial segments.
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